TWIN 8-K SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

TWIN ▼ -0.44% at T+20d

LONG call ✗ call lost -0.44% · α vs SPY -3.22% · entry $18.09 → $18.01

Next anchor: T+60d in 7w

Currently $20.02 · +10.67% from $18.09 entry

Entry anchored
May 5, 03:59 PM ET
via Databento tick

T+1d

+1.77%

call +1.77% · α +2.10%

$18.41

settled 5w ago

T+5d

+2.76%

call +2.76% · α +1.63%

$18.59

settled 4w ago

T+20d

-0.44%

call -0.44% · α -3.22%

$18.01

settled 9d ago

T+60d

—

call — · α —

—

in 7w

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Executive Summary

Twin Disc reported a strong fiscal Q3 2026 beat, with revenue surging 19.0% YoY to $96.7M and GAAP EPS swinging from a -$0.11 loss to +$0.23 profit. Gross margins expanded 134 bps to 28.1%, EBITDA more than doubled to $9.4M, and the six-month backlog grew to a record $179.5M, signaling accelerating demand across marine, defense, and industrial end markets.

Key Financial Metrics

Free Cash Flow

$1.8M

Gross Margin

28.1%

Actionable Insight

The record backlog of $179.5M provides strong visibility into H2 FY2026 revenue. Watch for continued margin expansion as the company converts this backlog and benefits from its Finland defense facility expansion. The stock's $228M market cap implies a ~2.4x trailing revenue multiple — cheap if the growth trajectory sustains. Key risk: tariff-related shipment delays and elevated debt ($45.1M) from the Kobelt acquisition.

Key Facts

Revenue increased 19.0% YoY to $96.7M, with organic growth of 7.0%
GAAP diluted EPS of $0.23 vs -$0.11 in prior year quarter
Gross margin expanded 134 bps to 28.1%
EBITDA of $9.4M, up 135.1% YoY
Six-month backlog reached a record $179.5M, up from $175.3M at Q2 end
Operating cash flow of $5.3M and free cash flow of $1.8M in the quarter
All four product groups posted double-digit sales growth: Marine +20.0%, Land-Based +22.2%, Industrial +15.2%, Other +4.1%
ME&A expenses as a percentage of sales decreased 230 bps due to operational leverage

Financial Impact

Revenue grew $15.5M YoY; EPS improved by $0.34; EBITDA increased by $5.4M

revenueepsgross marginebitdaoperating cash flowbacklog

Risk Factors

Tariff-related shipment timing disruptions could delay backlog conversion
Total debt of $45.1M (up 10.5% YoY) increases financial leverage
Net debt of $29.0M limits financial flexibility
Restructuring charges of $309K in the quarter indicate ongoing cost actions

Market Snapshot

Exchange

Nasdaq

Sector

General Industrial Machinery & Equipment

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001437749-26-015030
Document: twin20260501_8k.htm	0001437749-26-015030
Document: 0001437749-26-015030-index-headers.html	0001437749-26-015030
Document: 0001437749-26-015030-index.html	0001437749-26-015030
Document: 0001437749-26-015030.txt	0001437749-26-015030
8-K Data (Synthetic)	0001437749-26-015030

3 reports for TWIN

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for TWIN — sortable, filterable
	Type				Now
May 6, 2026 5w ago	8-K NEUTRAL ★ 2/10	$18.09 $18.01	▼ −0.44%	▼ −3.22%	$20.02 (+10.67%)
May 6, 2026 5w ago	8-K BULLISH ★ 7/10	$18.09 $18.01	▼ −0.44%	▼ −3.22%	$20.02 (+10.67%)
May 6, 2026 5w ago	Press Release BULLISH ★ 7/10	$18.09 $18.01	▼ −0.44%	▼ −3.22%	$20.02 (+10.67%)

US Market Status

Market Closed — Opens Mon (49h 34m)

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